The Chancellor's Budget announcement saw changes introduced not only nationally, but locally in our region as well. Specifically for the East of England, the Chancellor announced the following measures:
· A £900 million mayoral devolution deal over 30 years, covering Norfolk, Suffolk, Cambridgeshire and Peterborough, giving the local area new powers over transport, planning, skills with £175 million ring-fenced to deliver new homes.
· £151 million to deliver the transformational Ipswich Wet Dock Crossing and the Lowestoft 3rd Crossing.
· Over £7 million to fill 136,000 potholes in 2016/17 in the East of England.
· The government has asked Lord Heseltine to lead the Thames Estuary 2050 Growth Commission. This will focus on developing high productivity clusters and retaining skilled workers. It will also look at how to make the most of opportunities from planned infrastructure such as the Lower Thames Crossing.
· £50 million to build a new world-leading centre for food and health research, called the Quadram Institute, at the Norwich Research Park.
· The National Infrastructure Commission has been asked to produce plan for unlocking growth, housing and jobs in the Cambridge – Milton Keynes – Oxford corridor, creating a highly-skilled area that competes on a global stage.
· £90,000 to Birth Companions to provide support to approximately 500 women in prison and the community through pregnancy, birth and early parenting, in London and Peterborough.
· £123,000 to the Magdalene Group for its Doorway Women's Service, a front-line service helping women in Norfolk make healthy lifestyle choices and exit prostitution.
· £400,000 to the Civil Service Life Boat Fund from the allocation of banking fines, to contribute to the £1.2m required to commission a new Shannon Class all-weather lifeboat for Wells lifeboat station in Norfolk.
· Additionally, 162 museums in the East of England will be eligible to claim a new corporation tax relief.
· £5 million to fund the redevelopment of St Albans station, which will include new retail units and booking hall improvements.
· The East of England is receiving £2.9 million across 15 organisations as part of two funding competitions run by the Office for Low Emission Vehicles (OLEV) and Innovate UK for R&D into lowering vehicle emissions.